An Alternative To Traditional Real Estate Investing
A decade after the U.S. housing bubble burst, house flipping is on the rise again. Defined as reselling a house within a year of purchase, flipping is at an 11-year high in the United States and it’s the subject of dozens of TV shows and weekend workshops promising to teach real estate novices how to make a fortune.Read More
Commercial/multifamily mortgage debt outstanding reached $3.18 trillion at the end of 2017, a 6.7 percent increase from the $200.3 billion level reached one year earlier, according to the Mortgage Bankers Association (MBA).
- Housing starts declined 7.0 percent to a seasonally adjusted annual rate of 1.236 million units in February.
- While the volatile multi-family housing segment accounted for the decline in home building last month, the broader housing market appears to be slowing.
- There is growing optimism that tightening job market conditions will translate into faster wage growth in the second half of this year.
Last year was good for Nashville homeowners.
The metro area had the third-highest home price appreciation among the nation's largest markets, at 12.5 percent, and sellers saw the largest profits here since at least 2000.Read More
- The supply crisis is hitting housing hard, as strong demand quickly eats up what few listings there are.
- Home shoppers signed 0.5 percent more contracts to buy existing homes in December compared with November, according to the National Association of Realtors.
- The supply of homes for sale at the end of December fell to the lowest level since the Realtors began tracking it in 1999.
As home-price appreciation accelerated again after six months of slowing growth, the national home price index (HPI) reached a new high of $283,000 in October, according to Black Knight's most recent HPI reportRead More
President Donald Trump's promised rollback of banking regulation is well underway, with vacancies at the top of key agencies and new legislation in the works.
Since the start of his presidency, Trump has decried the financial rules and regulations put in place to combat the excesses that led to the financial crisis through the Dodd-Frank Wall Street reform legislation of 2010.Read More
About a month ago, I took a long weekend to visit Seattle. It was my first trip to the Pacific Northwest.
I expected to find a vibrant music scene, a world-famous coffee culture and some spectacular hiking trails - and I was not disappointed. What I did not expect to find, however, was a real estate bubble.
As this week’s chart shows, home prices in the Seattle area have grown 13.3% year over year. That’s more than double the national average home price growth rate.
And that chart isn’t the only indication of trouble in Pacific Northwest real estate prices. The signs of a regional bubble are obvious... if you know where to look.Read More
U.S. existing-home sales made a surprising monthly gain in September after falling the previous three months and after sustaining a market shock from two back-to-back hurricanes in the South region.Read More
With the housing crisis and the recession firmly in the rear-view mirror, more and more credit unions are looking for ways to help consumers qualify for home loans — even if that means accepting a significantly lower down payment than might ordinarily be required.Read More
On the campaign trail, President Donald Trump promised to dismantle the Obama-era rules on the banking and mortgage industry. As late as this April, Trump spoke of “a major elimination” of the Dodd-Frank Wall Street Reform and Consumer Protection Act.Read More